Sell EURINR Sep @ 103.4 SL 103.7 TGT 103.1-102.8 - Kedia Advisory
USDINR
SELL USDINR SEP @ 88.3 SL 88.45 TGT 88.15-88.
Observations
USDINR trading range for the day is 88.04-88.78.
Rupee fell to a lifetime low with persistent tariff pressures from Washington undermining India’s trade and flows outlook.
Fitch Ratings revised India’s GDP growth forecast for FY2025–26 to 6.9%, up from its earlier estimate of 6.5%.
India's wholesale inflation likely turned positive in August 2025, reaching 0.45% year-on-year, after a contraction in July
EURINR
SELL EURINR SEP @ 103.4 SL 103.7 TGT 103.1-102.8.
Observations
EURINR trading range for the day is 103.12-103.78.
Euro steadied as investors looked to Thursday’s ECB meeting and upcoming US inflation figures for guidance on monetary policy.
European Central Bank keeps deposit facility at 2.00%, refinancing rate at 2.15%, and marginal lending rate at 2.40%
Eurozone growth is projected at 1.2% this year, 1.1% in 2026, and 1.4% in 2027, though political instability in countries such as France and Spain could cloud the outlook.
GBPINR
SELL GBPINR SEP @ 119.6 SL 119.9 TGT 119.3-119.
Observations
GBPINR trading range for the day is 119.26-119.88.
GBP steadied getting support amid broad dollar weakness after US jobs data pointed to further cooling in the labor market.
The UK Residential Market Survey from RICS showed the house price balance dropped to -19% in August 2025, the weakest reading in almost two years.
BoE Governor Andrew Bailey told MPs there is “considerably more doubt” about the timing of UK rate cuts
JPYINR
SELL JPYINR SEP @ 60.2 SL 60.5 TGT 59.9-59.7.
Observations
JPYINR trading range for the day is 59.68-60.66.
JPY dropped as investors awaited US consumer inflation data that could strengthen expectations for deeper Fed rate cuts.
In Japan, business sentiment improved in the third quarter, supported by a sharp rebound in exports.
Data showed producer prices rose 2.7% year-on-year in August, quickening from a revised 2.5% gain in July.
